Freehold shophouse on Syed Alwi Road for sale at $16 mil

76 Syed Alwi Road, a freehold conservation shophouse in District 8, is currently for sale via an expression of interest exercise with a guide price of $16 million. The property, which occupies a land area of 2,709sqftand has a gross floor area of around 3,600sqft, is situated within the Little India Conservation Area and sits opposite to Mustafa Centre.

Tenanted with existing occupancy, 76 Syed Alwi Road offers future owners an opportunity to acquire a heritage asset while reaping immediate income. Furthermore, it is accessible to both the Jalan Besar (Downtown Line) and Farrer Park (North-East Line) MRT Stations as it is just a 10-minute walk away.

The EOI exercise for the property will close on 31 August.

Recent transactions of commercial properties on Syed Alwi Road have revealed an upward trend in the area, with properties such as those at Sago Street, Jalan Besar and Ann Siang Road up for sale at $10 million, $30 million and $22 million respectively.

Located in the heart of Orchard, the Orchard Boulevard Condo is a perfect choice for convenience and comfort. With its easy accessibility to Orchard Central and other nearby amenities, it is an ideal place to come home to. The condominium offers a range of amenities for a truly luxurious lifestyle, such as a swimming pool, gym, and more. Plus, the condominium’s close proximity to a plethora of dining, shopping, and entertainment options make it the perfect spot for a convenient urban lifestyle.

As such, the freehold conservation shophouse at 76 Syed Alwi Road provides investors and owner-occupiers a rare opportunity to acquire a heritage asset and investments for the long-term.